The Texas Real Estate MarketPosted: August 02, 2012 at 1:26 PM by Deron TuckerWhere is the Texas real estate market headed?The Texas real estate market continues to show marked improvements over last year, according to the 2012-Q2 edition of theTexas Quarterly Housing Report released yesterday. Here are some highlights from the report: The median sales price of Texas homes in the second quarter of 2012 was $161,400, which is 7.45% more than 2011-Q2. The average sales price had a similar jump, up 7.13% from second quarter 2011, to $213,674. In addition to s read more |
June Existing-Home Prices Rise AgainPosted: July 25, 2012 at 10:23 PM by Deron Tucker WASHINGTON (July 19, 2012) - Existing-home prices continued to show gains but sales fell in June with tight supplies of affordable homes limiting first-time buyers, according to the National Association of Realtors®.Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, declined 5.4 percent to a seasonally adjusted annual rate of 4.37 million in June from an upwardly revised 4.62 million in May, but are 4. read more |
Sales in February Solidly Higher Than a Year AgoPosted: March 27, 2012 at 9:29 AM by Deron TuckerPending home sales were down slightly in February but remain notably above the pattern in the first half of last year, according to the National Association of Realtors®.The Pending Home Sales Index,* a forward-looking indicator based on contract signings, eased 0.5 percent to 96.5 in February from 97.0 in January but is 9.2 percent above February 2011 when it was 88.4. The data reflects contracts but not closings. Lawrence Yun, NAR chief economist, said we’re seeing the conti read more |
Jim Gillespie Named One of 10 Most Admired CEOsPosted: March 22, 2012 at 10:04 PM by Deron Tucker Parsippany, N.J. (March 20, 2012) – A recent survey from online career community CareerBliss identifies Coldwell Banker Real Estate Chief Executive Officer, Jim Gillespie, as one of the 10 most admired CEOs across 3,400 companies. Gillespie was chosen from an analysis of more than 10,000 respondents who graded vision and leadership.Gillespie was the only representative from the real estate industry on the top 10 list. He was joined in the top 10 list by CEOs from companies suc read more |
Texas Foreclosure Rate Still Far Below National AveragePosted: November 15, 2011 at 6:33 AM by Deron TuckerOne in every 988 housing units in Texas had a foreclosure filing on it in October, according to statistics from foreclosure-data aggregator RealtyTrac. Nevada continues to occupy the undesirable top spot on this list, where one in every 180 houses has a foreclosure filing. The national average for the month was one in 563.For sheer numbers of foreclosures, California exceeded all other states in October, with 55,312. By comparison, Texas logged 9,845 foreclosure notices during the m read more |
